Petersburg at a glance
- Population: 549 residents, the 279th-largest of 344 places in Tennessee (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 Census recorded 526 residents here (US Census Bureau).
- 2020 to 2023 change: a gain of roughly 4.4% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Tennessee places: the 279th-largest of 344 (US Census Bureau, 2023 estimate).
- Size percentile: about 19% of places in Tennessee are smaller (US Census Bureau).
- Coordinates: it sits at 35.3173, -86.6406 in the US Census Bureau Gazetteer.
- Nearest larger cities: Fayetteville, TN (12 mi); Lewisburg, TN (13 mi); Cornersville, TN (13 mi); Lynchburg, Moore County, TN (16 mi); Shelbyville, TN (17 mi); each population is a US Census Bureau estimate.
- Smaller places nearby: Lynnville, TN (21 mi); Elkton, TN (23 mi); Normandy, TN (23 mi), per US Census Bureau estimates.
What a personal loan costs in Petersburg
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
Compare offers on APR rather than the headline rate — the APR includes most fees, and you can model the total with our personal loan calculator.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Tennessee lending rules that apply in Petersburg
The table lists the Tennessee rules that apply to a loan made in Petersburg, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Tennessee Department of Financial Institutions (TDFI) Source says: The Department regulates banks, credit unions, trust companies, business and industrial development corporations, industrial loan and thrift companies | Tennessee Department of Financial Institutions (TDFI) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 10.75% per annum (maximum effective formula rate for written contracts, announced September 15, 2026) Source says: the maximum effective formula rate of interest in Tennessee is 10.75 percent per annum | Tennessee Department of Financial Institutions (TDFI) as of 2026-09-16 |
| Payday lending status | Licensed; deferred presentment services (payday) lenders must obtain a TDFI license, including internet lenders (Tenn. Code Ann. § 45-17-103) Source says: deferred presentment services in this state through the use of the internet, facsimile, telephone, or other means without having first obtained a license | Tennessee Department of Financial Institutions (TDFI) as of 2026-09-16 |
| Small-loan / installment lender licensing | TDFI Compliance Division licenses industrial loan & thrift companies, deferred presentment companies, flexible credit companies, and other consumer lenders Source says: The Compliance Division is responsible for the licensing and regulatory supervision of the following types of financial institutions operating in Tennessee | Tennessee Department of Financial Institutions (TDFI) as of 2026-09-16 |
How to compare offers in Petersburg
Run through this list before signing anything in Petersburg:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in Tennessee using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.